Klem_west

Klem_west

Since Monday XAUUSD bulls find a Resistance at 1866.65 Area ,the commodity made a sharp turn as long traders take profit . The commodity is looking for a Support at 1840 a break from will see the precious Metal at heading towards 1830.

Klem_west

GBP/USD is struggling close to 1.37 as the US dollar gains ground across the board. The pound is under pressure as UK CPI missed estimates by 0.4% and amid concerns that the UK's vaccination campaign could slow down. with our Elliot wave showing we are on correction wave 3 targeting a price of 1.34164

Klem_west

Last week we saw the dollar continue to weaken against major pairs and EUR have not been left out, as pressure still mount on the dollar, looking at the structure we could see that the bulls are gaining momentum, which gives as the belief that 1.8975 is the next target which also serves as our Resistance we expect the FX:EURUSD price to even push further in...

Klem_west

US election ,Corona Virus ,uk going back to lock down theres so much pressure on the cable and at the same time pressure on the dollar ,but looking at this chart we could see GBP is gaining momentum ,why ? because even though the uk is back to lock down until 7 December the market is really focusing on the US elections which have put dollar under and lot of...